The Company announces that Zhongxi Certified Public Accountants has been appointed as the new auditor of the Company as per August 4th, 2023, which will replace Grant Thornton.

Corporate Action: CMRH Change of Auditor

China Metro-Rural Holdings Limited (the “Company”, together with its subsidiaries, the “Group”) incorporated under the laws of the British Virgin Islands with the DCSX symbol CMRH informed the Exchange on 4 August 2023, of the following notice:

The Board of Directors (the “Board”) of the Company announces that Grant Thornton Hong Kong Limited (“Grant Thornton”) resigned as the auditor of the Company with effect from 4 August 2023, as the Company could not reach a consensus with Grant Thornton on the level of audit fees for the financial period nine months ended 31 December 2021 and the financial year ended 31 December 2022.

Grant Thornton has confirmed in its letter of resignation dated 4 August 2023 that there is no matter in connection with its resignation as auditor of the Company that needs to be brought to the attention of the shareholder(s) of the Company (the “Shareholder(s)”). The Board has confirmed that there is no disagreement between the Company and Grant Thornton, and there are no matters in respect of the resignation of Grant Thornton as auditor of the Company that need to be brought to the attention of the Shareholder(s).

The Board further announces that Zhongxi Certified Public Accountants (Special General Partnership) has been appointed as the new auditor of the Company with effect from 4 August 2023 to fill the vacancy following the resignation of Grant Thornton, which has been approved by way of written resolutions from the Shareholder(s). The Board is of the view that the change of auditor is in the interest of the Company and the Shareholder(s) as a whole as it would enable the Company to carry out more effective cost control to better cope with its future business development. The Board would like to take this opportunity to express its sincere gratitude to Grant Thornton for its professional and quality services rendered to the Company during the past financial years.

The Dutch Caribbean Securities Exchange takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness, and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company.